Bitcoin Gold Correlation Hits Record High Amid Fiscal Concerns

Bitcoin's correlation with gold has surged to +0.50 over the past 90 days, more than doubling since the start of 2026. This shift is part of a broader trend where investors are turning to scarce assets as concerns about currency and fiscal pressures grow.

The correlation between Bitcoin and the Nasdaq 100, on the other hand, has fallen to around 0.30, marking its lowest level in one year. The divergence between these two correlations highlights the changing dynamics of the cryptocurrency market.

Gold's recent price stability, near $4,430 per ounce, is also drawing attention as a potential safe-haven asset amid geopolitical uncertainty and rising US debt. Bitcoin, hovering around $81,000, has seen its correlation with gold strengthen in recent months.